I've got excellent credit at the moment and a job with six figure income (however much lower after taxes/student loans/primary mortgage), would this help gain what I want with a lender?

@Arpan Patel  can it happen maybe will it happen for 99% of those who REALLY only have 1k in their checking account or less NO WAY NO how.. the best bet for those folks is find a job.. and if real estate is what they want to do then bird dog... or get a license and do leasing.. that works.

I am contemplating getting rid of the $200 per month as well as the yard is tiny and the only cleaning is the small common area and two single bathrooms.  

Common lighting, trash, water, heat, how is that all handled?

If it's a big job needing practically everything completed, including permits and drawings, etc., then you're much better off with a GC for your own sanity.

Hi @Kevin Cao,I used that one, it did the job.

I work a full time engineering job while I try to do all my own repairs/maintenance. 

That is usually 'substandard' and is the more common term in the escalation of problem property hierarchy.

How the Fourth Commandment will make you a successful investorIt never fails: each time we start a new property a contractor will ask me why they can’t work for us on Saturdays.You see, our job sites shut down on Saturdays.

Although I would say 30% is not common you can definitely come by those properties.